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Cisco's stock fell 5% after Piper Sandler analysts cut the company's price target, citing concerns that industry growth is peaking and questioning the sustainability of the networking giant's recent strong performance. The downgrade marked a reversal from the stock's summer rally when it hit record highs, reflecting analyst skepticism about revenue growth trajectories in the networking and enterprise security sectors. The move signals growing scrutiny of technology infrastructure stocks that have benefited from AI-infrastructure enthusiasm but may face slowing underlying growth rates.